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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Delhi VAT Act 2004: Penalties for Tax Deficiencies, False Returns, and Non-Compliance with Exhibition-Sale Rules</h1> The Delhi Value Added Tax Act, 2004, outlines penalties for various tax-related offences. A 'tax deficiency' is the difference between the tax due and the amount paid. Penalties vary based on the nature of the offence, including late registration, failure to comply with tax provisions, false representation, and incorrect record-keeping. Penalties range from daily fines for late registration to fixed amounts or percentages of tax deficiencies. Specific penalties apply for false returns, incorrect tax credit claims, and unauthorized issuance of tax invoices. The Act allows for penalty adjustments through government notifications and imposes penalties for non-compliance with exhibition-cum-sale regulations.